auditor
110 Points
Joined March 2007
Hi Shashikanta,
I dont have such checklist.
but i can help as to how do audit, as follows:
1. First understand the bills discounting process.
2. Obtain the internal process document for the bills discounting from the management either a document or a flow chart, insisting on the control matrix.
3. You can then decide on the key controls, and from the process in the first step prepared the key process elements ( or control element).
4. Then you can even prepare the checklist with the abvoe determined/identified control elements.
5. Populate the Checklist with the samples that you have considered for internal audit, then test the attributes.
I hope this will help you my friend.